The best place to keep your money right now might just be the local bank.  Small and medium size banks - especially those that do not sell their home loans, offer an incrementally safer place to stash the cash while the market figures itself out.  So while it might be tough to get a loan right now, if you shop around, you could land a great CD or savings account interest rate.

On-line banks are jumping into the ring, too. There’s even an on-line bank rate auction site called MoneyAisle that allows banks to bid for your CD and savings account business. Endorsed by the NY Times, Fox Business Channel, and CNBC, the site allows only FDIC insured banks to participate, and the service is free.

Bankaholic and Bankrate have search engines that can help you find the best rates as well.

Even if you’ve decided to weather the market crisis, consider shifting your current savings to a higher rate account.  It certainly won’t offset the market losses we’re all enduring, but every little bit helps.

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